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Ridgeline executes Nevada Gold Mines earn-in

18th July 2023

By: Creamer Media Reporter

     

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Precious and base metals explorer Ridgeline Minerals has added a second earn-in agreement with Nevada Gold Mines (NGM), this time focusing on the Carlin-East gold property.

Ridgeline’s Carlin-East gold project is directly on trend of NGM’s Fallin discovery to the north of the Leeville mine in the prolific Carlin-Trend mining district of Nevada.

NGM – a joint venture between Barrick Gold and Newmont – can incur at least $4.5-million in qualifying work expenditures over an initial five-year term to earn an initial 60% interest in Carline-East. NGM will have further options to increase its interest to a total of 75%.

NGM will assume operatorship of the project immediately.

“Our partnerships with NGM now provide up to $40-million in total potential exploration expenditures between the Swift and Carlin-East projects, which leverages NGM’s proven track record of discovery while significantly reducing the exploration risk inherent with deep drilling in Nevada,” said CEO and director Chad Peters.

 

Edited by Creamer Media Reporter

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